Demand for poultry and eggs is rapidly outpacing domestic supply, creating opportunities for investment in local poultry producers and processors to expand production. Annual demand for broiler in Ghana is estimated at 300,000 MT, of which 200,000 MT is being met through imports of frozen chicken. Despite Ghana’s annual growth rate of 19% for consumption of poultry products in recent years, and although broilers produced in Ghana are high quality, domestic producers have not yet been able to build the economies of scale to compete on price with imports from countries where frozen broilers are produced on a massive scale.
RAMS Poultry Farm Ltd. began producing poultry and livestock in 2011 in the Upper East Region. In 2014, the company moved its poultry business to the Ashanti Region to increase its competitiveness. By relocating, the business can better access inputs for the business to thrive, and will benefit from the assistance of projects such as the GoG Broiler Revitalization Project, USDA Poultry Feed Project, and USAID-sponsored ADVANCE Project. These projects have introduced interventions to improve the productivity of maize and soya in Ghana, which will increase the supply base of these commodities to benefit the poultry industry in Ghana. With these measures in place, RAMS Farm can seize the opportunity to expand its business and meet market demand.
RAMS Farm is seeking investment of $320,000 to increase its bird population from 10,000 to 50,000. The investment is also for procurement of a meat processing plant, vehicles, and farm equipment, and construction of a warehouse. The company is open to equity or debt financing solutions, or a combination of both.
RAMS Farm could benefit from a BAS provider to help develop the necessary documentation to obtain a loan from a financial institution.
RAMS Farm will ensure that, during construction and processing, material is not temporarily stored in wetlands or waterways, and material is disposed of in a secure, approved location. It will ensure activities do not result in damage to protected areas or harm to endangered species.
Several initiatives promote the livestock sector in Ghana, including:
- GoG National Livestock Services Project
- GoG Broiler Revitalization Project
Luu Yin, Managing Director, +233 (0) 20 816 7829; email@example.com